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Cascades Inc., together with its subsidiaries, produces, converts, and markets packaging and tissue products in Canada, the United States, and Europe. The company operates through four segments: Containerboard, Boxboard Europe, Specialty Products, and Tissue Papers. It manufactures coated boxboards; containerboards, as well as converts corrugated products; and industrial packaging products, such as roll headers and paperboard packaging for rolls of newspaper, roll edges, laminated paperboards for use in the furniture backing and specialty containers industrial sectors, honeycomb paperboards, and uncoated recycled paperboards for packaging converters and industrial users of headers and wrappers, as well as uncoated paperboard partitions for beer, wine, and glass container producers. The company also provides consumer product packaging products, including egg filler flats; four-cup carriers; polystyrene foam trays for the packaging of meat, poultry, and seafood; plates and bowls; rigid plastic packaging products; containers; reusable food containers; and flexible films for packaging products, as well as markets coin wrappers to the numismatic industry. In addition, it manufactures backing for vinyl flooring, de-inked kraft pulp for the production of tissue and fine paper, bathroom and facial tissue, paper towels, paper hand towels, paper napkins, parent rolls, industrial wipes, and other related products, as well as offers services to recover and process discarded materials. Cascades Inc. was founded in 1964 and is headquartered in Kingsey Falls, Canada.

Cascades, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net loss attributable to shareholders of CAD 47 million or CAD 0.51 per basic and diluted share on sales of CAD 879 million compared to net earnings attributable to shareholders of CAD 14 million or CAD 0.15 per basic and diluted share on sales of CAD 844 million reported in the same period last year. Operating income was CAD 13 million against CAD 53 million reported last year. Loss before income taxes was CAD 23 million against profit before income taxes of CAD 18 million reported last year. Net loss attributable to shareholders was CAD 21 million or CAD 0.23 per basic and diluted share against net earnings attributable to shareholders of CAD 14 million or CAD 0.15 per basic and diluted share reported last year. Operating activities from continuing operations was CAD 71 million against CAD 58 million reported last year. Payments for property, plant and equipment were CAD 55 million against CAD 43 million reported last year. Operating income before depreciation and amortization - excluding specific items was CAD 82 million against CAD 99 million reported last year.
For the year, the company reported net loss attributable to shareholders of CAD 64 million or CAD 0.68 per basic and diluted share on sales of CAD 3,561 million compared to net earnings attributable to shareholders of CAD 41 million or CAD 0.44 per basic and diluted share on sales of CAD 3,370 million reported in the same period last year. Operating income was CAD 137 million against CAD 176 million reported last year. Loss before income taxes was CAD 44 million against profit before income taxes of CAD 63 million reported last year. Net loss attributable to shareholders was CAD 64 million or CAD 0.68 per basic and diluted share against net earnings attributable to shareholders of CAD 41 million or CAD 0.44 per basic and diluted share reported last year. Operating activities from continuing operations was CAD 244 million against CAD 231 million reported last year. Payments for property, plant and equipment were CAD 178 million against CAD 138 million reported last year. Operating income before depreciation and amortization - excluding specific items was CAD 340 million against CAD 342 million reported last year.
For the quarter, the company also reported impairment charges of CAD 13 million.
The Board of Directors of Cascades declared a quarterly dividend of CAD 0.04 per share to be paid March 31, 2015 to shareholders of record at the close of business on March 24, 2015.

Cascaes Declares Quarterly Dividend, Payable on December 11, 2014

Nov 6 14

Cascaes announced that the board of directors declared a quarterly dividend of CAD 0.04 per share to be paid December 11, 2014 to shareholders of record at the close of business on November 20, 2014. This dividend paid by Cascades is an eligible dividend in accordance to the Income Tax Act (Bill C-28, Canada).

Cascades, Inc. announced unaudited consolidated financial results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported sales of CAD 964 million against CAD 932 million a year ago. Operating income was CAD 53 million against CAD 58 million a year ago. Profit before income taxes was CAD 5 million against CAD 41 million a year ago. Net loss from continuing operations including non-controlling interest for the period were CAD 16 million or CAD 0.18 per diluted share against net earnings from continuing operations including non-controlling interest for the period of CAD 28 million or CAD 0.28 per diluted share a year ago. Net loss attributable to shareholders for the period were CAD 16 million or CAD 0.17 per diluted share against net earnings attributable to shareholders for the period of CAD 11 million or CAD 0.12 per diluted share a year ago. Cash from operating activities was CAD 87 million against CAD 81 million a year ago. Purchases of property, plant and equipment was CAD 43 million against CAD 23 million a year ago. Excluding specific items EBITDA of CAD 97 million compared to CAD 91 million in second quarter of 2014 and CAD 95 million in third quarter of 2013. Despite an unfavourable exchange rate impact CAD 37 million, net debt decreased by CAD 5 million to CAD 1,640 million due to stronger cash flows from operations, including a net tax refund of CAD 21 million.
For the nine months, the company reported sales of CAD 2,851 million against CAD 2,693 million a year ago. Operating income was CAD 92 million against CAD 115 million a year ago. Loss before income taxes was CAD 53 million against profit before income taxes of CAD 37 million a year ago. Net loss from continuing operations including non-controlling interest for the period were CAD 56 million or CAD 0.68 per diluted share net earnings from continuing operations including non-controlling interest for the period against CAD 24 million or CAD 0.23 per diluted share a year ago. Net loss attributable to shareholders for the period were CAD 100 million or CAD 1.06 per diluted share against net earnings attributable to shareholders for the period CAD 5 million or CAD 0.06 per diluted share a year ago. Cash from operating activities was CAD 182 million against CAD 166 million a year ago. Purchases of property, plant and equipment was CAD 124 million against CAD 97 million a year ago.

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